Thu, 06 Jul 2023 11:13:33 GMT
GBP/AUD tests 2021 and 2022 high levels
In general, the Bank of England and Reserve Bank of Australia have been hiking interest rates to combat inflation. However, the BoE has kept their rates always higher during 2023. Due to this fundamental reason, the GBP/AUD currency exchange rate has been surging throughout 2023.
From a technical analysis perspective the pair has been surging in a channel up